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FOX Business
Dec 8, 2013 2:00am EST
years ago, the uncertainty of obama care, the horrific tax code, less opportunity for people to rise up. >> rick, he is criticizing something that happened under his watch. >> yeah, here's the problem that i have. first of all, and john will love hearing me say this. i'm not sure that government is a big answer. >> we are all happy to hear you say that. >> i knew you would be. but here's the problem. most people analyze this in terms of do you think obama's policies produce growth, anti-growth. growth is actually not t issue because it only matters if it's shared. if a company that's making $14 billion in profits this year makes $20 billion next year, what's the difference if they don't share the benefit? >> but john, it is kind of the issue because sometimes a rising tide lifts all boats to quote john f. kennedy, rick's favorite president. if you look at what happened under the reagan term, the lower 20% and the top 20% increased by double digits after those tax rate cuts. >> i'm one of those people who believes that income and equality is unrelentingly beautiful. when that expands
FOX Business
Dec 9, 2013 4:00pm EST
: will new york mayor-elect bill de blasio's wealth tax proposal cause wall streeters to move to main street? steve forbes talks about the potential implications of the new mayor's plan in just a moment. cheryl: they might be corporate rivals, apple, google, facebook are a few of the names teaming up to challenge the government surveillance programs. we'll take a look what they think the solution is. ♪ as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with thepark cascard from capital one, i get 2% cash back on ery purchas every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! does your mouth often feel dry? a dry mouth can be a side effect of many medications but it can also lead to tooth decay and bad breath. that's why there's biotene. available as an oral rinse, too
FOX Business
Dec 4, 2013 11:00am EST
about that. by your gifts online, paying tax, others don't, supreme court doesn't want to get in the middle of it. judge andrew napolitano has no problem getting in the middle of that. and then, consolidating your wallet into just one card. the high-tech idea could be the way we shop in the future. it is all coming up along with dagen mcdowell on "markets now." dagen: giddyup. changing out of the shirt you had done earlier and now you look more businesslike. connell: i will take that as a complement on both sides. i have no other choice but to check the market and talk to the judge. dagen: we have to hit your slender. we have gains on the market right now despite the better-than-expected numbers from adp, nicole petallides at the new york stock exchange. nicole: you mentioned adp, which was better. we also got new hom home sales numbers better than expected, we are seeing the market with three straight days of selling and they might have scooped up some opportunity. right now dow jones industrial of 41 points, a gain of one quarter of 1%. microsoft hitting new highs, goldman sachs an
FOX Business
Dec 8, 2013 9:30am EST
in detroit. what we've devised a plan that would dramatically lower taxes in detroit, bring the corporate income tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it down for the employee and the employer. without bringing any new money to detroit, just leaving money in detroit is over a billion dollars that would stimulate detroit's economy. >> basically a flat tax but flat nonetheless. >> absolutely. flat and very low. we also look at regulations and try to get rid of the owner's regulations that's making it expensive for city government and for businesses to locate in detroit. we think if you combine all of this, that it would be the model for how you would rescue cities across the country but any impoverished area. we have impoverished areas in eastern kentucky. we think this same plan would rescue them and parts of louisville and other major cities. >> maybe the country while you're at it. we have had five years of spread the wealth. you didn't build that. share share economics. where has
FOX Business
Dec 5, 2013 9:00pm EST
: you said that? [laughter] to george clooney. >> he says raise taxes. >> to drive a toyota petraeus to the ms -- jemmies but they have a private airplane and i wish i had a private airplane. >> many advocate to raise taxes but well-connected celebrities are quick to use your tax dodges. >> owning acres of land in new jersey but pays only $100 of state property tax because he raises honeybees' he qualifies for the honeybee subsidy. bruce springsteen owns hundreds of acres of land but pays little tax because a an organic farmer works his land his pour neighbors pay more. >> i don't get anybody trying to lower taxes but bonn jovi and springsteen publicly supporting for obama holding rallies but then cry tax cuts for their riches and they robbed of poverty programs and a social contract with america being destroyed the middle-class is harmed but then you rob those anti-poverty programs by calling yourself a former? that is the hypocrisy that is frustrating to see why i wrote the book calling of these people on their duplicity. john: one final example some of the activists are so eager t
FOX Business
Dec 7, 2013 2:00am EST
supposed to. >> in the '80s and '90s we did not have just a tax inease of cuts but that have been dip this year that could have called is like having 400,000 jobs created because we're not in stimulus motive to do more. it was good news. >> so if we have government is shut down assembly will have a quarter reported taken off for gdp what a powerful economic engine and then we have third quarter gdp growth of 3.6% invested a couple years it a good jobs ever. i thought the sequester were to be devastating? >>. >> the more it cuts spending the better for the private sector when dispense the dollar i don't understand the logic. >> we pay people borrow money not to work and people are working. that does not make sense. >> to give emergency benefits where does the money come from? >> if we give you a tax cut they will put it in their pocket. >> we have to make sure that people need the jobs and food get it. >> with 47 million people? people largely a pretty good job. >> of course, the we should not said that giving a lot more welfare benefits was better for the economy that it be better with 30
FOX Business
Dec 10, 2013 1:00pm EST
reading of 91.6 but small businesses say they anticipate increases taxes and regulations and health care costs ahead. >>> the commerce department says wholesale inventories rose 1.4% in october. that is more than the expected .3 of a percent increase and above september's 0.5% rise of the that is the latest from the fox business network, giving you the power to prosper. adam: okay. now that the final details of the volcker rule have emerged and lawmakers are taking it to a vote which wall street firm has the most at risk are with these strict new regulations? charlie gasparino is here with the details for us and who is going to get hit hard? >> it has got to be goldman sachs. we should point out we put lots of calls into goldman sachs last couple days in preparation for this vote. they have no comment but there's been a lot of analyst chatter particularly from brad hintz, sanford bernstein, one of the smartest analysts out there, was ceo of morgan stanley, this is interesting, he issued the report late friday so it went under a radar a little bit but basically saying goldman sachs i
FOX Business
Dec 3, 2013 11:00am EST
depression so what you see is tax collections coming back but only gradually and now with the softness of retail sales people forget that states rely on holiday retail sales for their own sales tax collections and that is not a good sign. connell: are not worried about another big city going the way of detroit. >> not over the long term but other big cities the problems with the pension systems and all these cities even chicago where some of the pension systems are 25% funded but they have a trust fund with money to pay people for now but going forward as investors look what it would take to repay the pension debt, more and more investors are saying i am not sure going forward i should do what detroit investors did a decade ago which is continue investing. dagen: bottom line for d 2 and other municipalities this could be this will bargaining chip to bargain with the unions in other cities. >> the judge has set a precedent. if he said the other precedent it would have removed that as a bargaining chip. connell: something that they had to have. thanks as always. dagen: good to see you. bern
FOX Business
Dec 10, 2013 6:00pm EST
should investors really fear? also, our special series this week of a users guide to taxes. important information on what to do now before the new tax year begins. and what not to buy. we are breaking down the list of children's toys to avoid. we are watching out for you tonight on "the willis report." ann the mako. ♪ ♪ ♪ gerri: we begin tonight with a rare case of bipartisanship in congress. yes, you heard me right. house and senate leaders have just stuck a budget deal, most likely averting a government shutdown that would threaten for mid-january. with us now is rich edson. >> they made their deadline. this is a deal between congressional leaders have signed off on this thing. it still must pass the house and senate. it basically says topline spending levels and from there, congressional appropriators going to figure out where to spend all that money. it removes what is known as a suppressor. the automatic spending cuts. and in doing so, it increases user fees and you have to pay an extra $250 for an airline ticket, federal workers will likely have to pay a little
FOX Business
Dec 6, 2013 11:00pm EST
that argument that i got into with a congressman who wanted to double the gasoline tax? >> you account for $42 billion, can you sell out for me where that has gone? >> it accounts for the hundreds of billions that were already forking over things like this. shouldn't we apply and it is a sign that funds are tight? also, where all the funds have been going thus far. apparently not into as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with the spark cascard from capital one, i get 2% cash back on ery purase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! what's in your wallet? every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest moren the u.s. than
FOX Business
Dec 4, 2013 8:00pm EST
unknown out there what this administration is going to try to do on tax policy, people are putting their money in gold overseas, and they don't trust this administration. so -- >> the world has the same view. they say through this "forbes" study businesses that world is their oyster, they can park their money or businesses or plans anywhere they do not see us fitting into that tragedy, ireland, yes, u.s., no. >> absolutely. and a flick of your on a keyboard, you can invest, put your money, run a business overseas from sitting at home, and if you don't know what your stability is and the economic consequences of political actions here, you put your money someplace else. we're stagnant. neil: amazing, thank you dennis hastert. uncle sam, have a pint and drown your sorrows, ireland and others are doing better. but we want to pursue why these countries are the draws and we are not, that is what is important, i want to focus on why that is the case. after this. neil neil: whole idea whether we have a war on success, or at least -- dee dee is here said it would appear that way, rick unge
FOX Business
Dec 7, 2013 3:00am EST
that argume that i got into with a congressman who wanted to double the gasoline tax? >> you account for $42 billion, can you sell out for me where that has gone? >> it accounts fo the hundreds of billions that were already forking over this like this. shldn't we apply and it is a sign that funds are tight? also, where all the funds have been going thus far. apparently not into neil: this is one of my favorite conversations, if you can call it that. the awkward dynamics of president obama and president putin of russia. this is not going to go well. the u.s. government accusing russian diplomats as scaming american dollars. they don't like putin-care, but they do like obamacare. at the it's the same program that many want to expand. but they don't look at where they have been throwing them. dam, it's good to see you. >> it's good to see you as well. >> would he make of this? >> i think that this is an example that many finally get across to people that medicaid is a failed program. do you remember the bridge to nowhere last decade and a crystallized in people's minds? i think that thi
FOX Business
Dec 2, 2013 4:00pm EST
supreme court decided to stay out of a fight over internet sales taxes between amazon and overstock and new york state. it means that new york will continue to collect taxes from those online retailers. david: shares of dow chemical jumping after the company will sell the bulk of its coring operations, its oldest business, part of a plan to shed assets worth up to $4 billion. liz: managed care giant, unitedhealth group forecast estimates that fall short of analyst expectations following changes in medicare and other bought health programs. david: commuters heading home from new york this even being will face more disruption after the crash of the metro-north train in the bronx yesterday. four people were killed and dozens were injured. workers are still working to clear some of the weakage. "after the bell" starts right now. liz: on this first trading day of december let's break down today's action. we have david lutz, still nicholas managing director. he will tell us the top places to put your money right now, and lincoln ellis in the pits of the cme. lincoln, start with you. a lit
FOX Business
Dec 9, 2013 6:00pm EST
. >> also, our special series, user's guide to taxes. big change is coming. he will get you prepared tonight . and america's worst charities, is essential advice on giving wisely this christmas. we're watching out for you tonight on "the willis report." ♪ gerri: welcome to "the willis report." your show, your money, your voice. tonight your health care costs. new warnings of how the architect of obamacare processing you can keep your doctor if you paid up with more on this, it has some fire, health fellow at the heritage foundation. dr. kevin campbell, cardiologists will we're talking about, over the weekend, ezekiel emanuel said that, yes, you can keep your doctor, but you may have to pay more. listen to this. >> he asked a question, if you like your doctor, you can keep it. did he not say that, sir? >> did not say you could have unlimited. >> a simple yes or no question. >> yes. if you want to pay more for an insurance company that covers your doctor, you can do that. this is a matter of choice. you pay more for a wider range of choices or wider range of benefits. gerri: you are
FOX Business
Dec 3, 2013 9:00pm EST
expensive, we are paying for them and the taxpayers are paying for all of this, either through tax breaks or the green energy companies or other kinds of write-offs. but at the end of the day, why can the grid not handle it? what is a technil issue? >> it is difficult. they turn and they create energy, it is difficult to get that energy over to the coast and we generate a lot of wind energy in the country. and it's difficult to get overlooked where it's needed. and once you start rying to get it out elsewhere, it is a little bit more difficult. but the big problem is tha the wind is heavily subsidized and it's more expensive. so germany and spain have ended their subsidies because it is just so expensive. for example the energy department says the average costs of natural gas are $66. >> that tells a story, doesn't it? and from what inderstand, if you live in california, you put solar panels on their house and it's not likely you will stay in the house long enough to pay off those solar panels. even so, the devils are in the detail. and it's really hard to make it work and make it
FOX Business
Dec 2, 2013 1:00pm EST
court is refusing to hear appeals from two major online retailers against new york state's sales tax law. amazon and overstock.com challenged the law requiring collection of the taxes in states where they have no physical presence. states reportedly lose $23 billion a year in uncollected sales taxes from online retailers. >>> u.s. manufacturing grew last month at the fastest pace since april of 2011. that is according to the ism index. manufacturing rose in november to 57.3. that is up from 56.4. that is the reading for october. and highest reading in 2 1/2 years just clocked in. >>> dow chemical is weighing options to sell most of its chlorine operations its oldest business as part after plan to sell assets worth 3 to $4 billion. dow is moving away from chemical production, to focus on electronics, packaging and agriculture. that is the latest from "fox biz." adam: bill ackman may be disengaging from the media but is he actually going away? charlie gasparino joins us looking like spock from the alternate universe in that episode from "star trek" with the pointy ears. what is with th
FOX Business
Dec 9, 2013 7:00pm EST
guide to taxes continues with a tax strategy session so you can do some planning. that is airports might "willis report" and we thank you for joining us. have a great night. ♪ lou: the nation's east coast is hammered by a deadly winter storm that caused scores of car wrecks and canceled thousands of flights and that's just the first round. the second round begins in just hours. a powerful storm with more ice and snow that will hit tonight. i am lou dobbs. ♪ ♪ ♪ lou: good evening, everybody. the relentless storm pounding cities along the east coast, dropping snow and sleet and freezing rain across much of the region. forecasters say that washington dc could get up to 5 inches of snow in philadelphia up to three and new york at least 1 inch. the storm system is wreaking havoc on the roads and in new jersey a car slid off interstate 78 and two people were killed. overall, 11 deaths across the country have been blamed on the storm in the snow and icy conditions is causing an exceptional number of pilots. the chain reaction crash on the pennsylvania turnpike that involves 50 car
FOX Business
Dec 4, 2013 9:20am EST
half are on taxes by people who should the. stuart: you want people to sign up. you want them to put their personal information, give you another chance, that is your you say you put yourand say you personal information, you're an architect of this, but your personal information into this and it is secure. >> i put my personal information on the web site when i was trying to look for information. i was very confident. stuart: what is it secure? >> you are asking me to guarantee something someone else has done. stuart: when you are telling people sign up. >> i think it is a good deal. stuart: you won't secure their in formation. >> it is a good deal. stuart: you have any personal liability? suppose we get identity theft down the road. are you liable? no, you are not liable. dr. -- it was fun. thank you very much. back to the markets, check the big board. we are down just two points. that is what we got you. the price of gold is down again, it was up earlier, the price of gold up by 1226. to nicole petallides at the top of the our new home sales surged. check the home builders. nicole:
FOX Business
Dec 3, 2013 12:00am EST
amazon, no taxes, the irs has not ruled on taxes crept, and that's an interesting point because barter and exchange is still something people like to do. melissa: for the record, we're very suspicious of that story. scott mrtin, thank you so much. >> see ya. melissa: $4,000 for a bottle of whiskey. people are paying for the good stuff, and this man is making a fortune. you can never have too much "money." we'll be right back. ♪ ♪ every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. so ieserve a small business credit card with amazing rewards. with the spark cascard from capit one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! mee
FOX Business
Dec 6, 2013 10:00pm EST
he does have a view of government. it is government debt is bigger, but taxes more and has a lot more power over individual americans. lou: just within the last two days t president also again sounding like a tea party chieftain as he railed against the inequities of the income distribution in the country, the heartless disparate distribution of wealth across, as if he had not been president for five years. >> his entire goal the whole time is to literally take from the rich and give to the board. this is what he campaigned on. you're sitting here talking about the expansion of governnt committee introduced obamacare as chief legislation. literally almost double the size of government. when it enacted completely. once again, it is just what is coming of his mouth. he is on the campaign trail. american people bought it up until now. his approval ratings are abysmal >> the speech about inequality was not at tea party speech. it was in occupy wall street speech. a call for socialism, take money away from the rich and give it to the port. the best example of why this is not that tea party
FOX Business
Dec 9, 2013 9:20am EST
that. $15 an hour, tax the rich, you must have health insurance or else. here is my take on the command economy. that's what it is. the left quarterbacked by president obama is trying to command the return of prosperity, command fairness, with an of a magic wand and command the economy to obey the white house. look at the $15 an hour movement. they want to legislate wages. it's not what you bring to the wage table, it's what politicians decree you should be paying, that's a command. look at the tax the rich idea. and that's an attempt to command income equality. wave that wand, make them pay, even more, and they tell you we will be all more equal. really? and how has that been going for the las five years. and then obamacare, perhaps the new motherload of the command economy, you shall have health insurance. you will give us your personal information, and stop whining if we lose it. you had enough of this yet? you see, it doesn't work. command economies do not produce widespread prosperity. they do not produce fairness, it is the politically connected to win by command. but most
FOX Business
Dec 8, 2013 1:30am EST
going to deliver the best business blockext. neil takes it away. >>> pump it, then tax it. i don't know about you, you've had enough of it. welcome, everybody. follow the money if you can even find the money. because it is not easy to get t of the democratic congressman when he's looking for money. not just a little more money. oregon's guy wants to double the taxes because he says our infrastructure needs the dough. i asked can you spell out for me congressman where that $42 billion has gone? >> the sbujt available for every state. the budget is available for every state. >> if the goal was to fix roads and bridges, and they're still, accurately to your point, falling apart, me think somee has stolen it, someone it was taken it. >> wow. >> wow is right. i should never have interviewed somebody with a bicycle pin on their lapel but that's neither here nor there. here's the deal, if we're already collecting more, than 120 million buck each year to fix our roads and bridges. i haven't factored in the $800 million in stimulus money that was supposedly going to shovel ready road jobs, are p
FOX Business
Dec 5, 2013 9:20am EST
iii with assistant tax which let british soldiers go anywhere looking for anything they want to find among the colonists for britain to defend. stuart: if we don't track the how do we know where they are? how are we supposed to kill them? judge napolitano: i don't think we can yet. i am using england as an example. the most civilized of all of us. if the dish stuart: if they were planning to send planes into buildings in america, i don't care where they are. judge napolitano: you have taken this into fantasyland. this is not what the nsa does. the nsa doesn't drone and doesn't kill. the nsa spies and if the nsa is going to argue to catch one person in england they have to spy on everybody there, the constitution says you can't do that and the british people, who usually love authority, stuart: if it is illegal and unconstitutional, why isn't anything ever done about it? on a mass scale for years under the obama administration nothing happened. judge napolitano: illegal for the present to bomb libya and kill gaddafi. stuart: would be illegal? would you declare war? judge napolitano: e
FOX Business
Dec 8, 2013 1:00am EST
poverty this isn't the way to do it. the earned income tax credit does it. take this out of politics. take this out of unions. remember, 67% of people that make minimum wage work part time. $53,000 a year is what the average person who makes a minimum wage, that household, makes. this does not do lot for poverty but it does hurt small business. >> does it hurt the young people, the college students who are flipping burgers? they don't want to make a career of it but they're part time and raising the wage would probably get them out of a job. >> actually, i totally disagree with that. there's very little evidence to suggest that. a modest increase in the minimum wage, tying it to inflation, actually has a net job loss. >> they're asking for double. >> i don't think that's appropriate. i support the president's call to raise the mimum wage. as he said in february, tie that to inflation, tie that to cost of living. that makes sense. how can anybody earn a living on $15,000 a year? doesn't make sense. i don't support a whole sale increase of it to 15. i think that would be too much. tyin
FOX Business
Dec 9, 2013 1:00pm EST
listing means for the exchange. lori: big tax fighting back, some of the sector's biggest names callin: on washington to b government surveillance. their plan straightahead but first time for stocks now, let's head to the floor the new york stock exchange with nicole petallides. stocking sendin extending fridag jobs inspired jump. nicole: that is) jobs inspired jump, without enough to push us over the unchanged line for the week but we did have a nice gain on friday, 200 planes worth. today adding 19 points, that pales in comparison but still end up arrow nonetheless. at least has been kept to the upside up about one-tenth of 1% to a quarter of a percent. it is worth watching the s&p, it is up nearly 27% this year, which is the best year we have seen since late 1998. we have a big deal today. talking about the food company, u.s. foods reached a deal to merge. the total enterprise of the transaction everything included is actually over $8 billion. up 11.5%. back to you. adam: so, deal or no deal. negotiators in the house and senate work to hammer out a budget deal before the house leave
FOX Business
Dec 10, 2013 9:20am EST
all of the federal income tax brought in by the treasury department in the united states of america. they pay it all. the bottom 40% actually pays nothing. in fact, they get some money back from the government in the earned income tax credit. now, shah galani, i know you're a stock watcher, that's what you do, you watch markets, but i'm sure you pay a lot of taxes. do you think it's fair that the top 40%, including you, pay for everything? >> i don't know that it's unfair in terms of the top 40% paying a lot of tax, but i think that's fair. what's not fair is the redistribution, i think there should be means testing and don't forget, this report was 2010. i would hate to see what 2013 is going to look like. i think the difference will be even wider, but i'm not against, you know, folks who are making a lot of money paying a bit more in taxes, but what i'm against is weak distribution and this report is called the distribution of household income and federal taxes 2010 and it should be the redistribution and this is the problem i have with it, because i think that the average of clos
FOX Business
Dec 7, 2013 12:00am EST
to double the gas tax. finally driving less and buying hybrids. the government wants to tax us as a reward. the details on that one. finally you can drop your iphone to your heart's content because this case is nearly indestructible. check this out. our latest installment. more "money" coming up. ♪ ♪ melissa: from the u.s. to every corner of the globe, "money" has been flying around the world starting in germany where the government wants foreigners, like us, to start paying off to use the audubon. i you kidding me? a highway toll is expected to raise hundreds of millions of dollars for the country, at is causing average for people in neighboring countries that right through germany just to get to other places really fast. so much for europe's open borders. over to china where the smog levels in shanghai are so bad that flights in and out of the airport of being canceled. some of women at dangerous levels of air pollution on many cold-fired power plants and surrounding provinces. it is not so bad for some companies. those selling face masks, profits have skyrocketed. landing in
FOX Business
Dec 3, 2013 8:00pm EST
works like never before. neil: first the tax hikes and now the spending streets. raises and hiking spending across the board. the state is now running a surplus according to reports. fox news radio host with us now. >> yes, i spent 30 years in sacramento. i am telling you, that is fiction, the fact that they have this surplus. not only in the state of california, but illinois, his huge pension obligations and they pretend that those don't exist. and they are off the books. because of your add-in that is, we are talking that we cannot afford could have a $45 billion surplus this year. by the time summer comes around and that will grow until 2020 every single year. and they raise taxes by about $6 billion and it ties in perfectly and the problem is they have an obligation for their pensions, the two big state pensions and health obligations of 300 billion for the pensions and another hundred billion for the health care for the retirees. $400 billion and not even addressing this problem. neil: let me ask about how they are able to sneak in raises for themselves as politicians back in
FOX Business
Dec 5, 2013 4:00pm EST
nations depend on borrowing money to pay their bills. >> taxes will go up and services will get cut. that is not a good combination. david: talk about cities might be in the same boat. chicago of course we hear about. new york, particularly with a new mayor that has a lot of spending promises he may not be able to deliver on, baltimore, san bernardino, which ones will be next? >> san bernardino is already in bankruptcy. small cities already. desert hot springs on verge of pennsylvania. scranton, pennsylvania is insolvent. it would be in bankruptcy except state is keeping it out of bankruptcy. it has a big judgement has to pay workers it can't afford. you talk about chicago. chicago is not in the same kind of economic shape detroit is but chicago has a huge, huge pension problem. some of its pension funds are only 25 to 30% funded. moody's has suggested that they would have to double property taxes to pay off the pension debt over 30 to 40 years. you can't do that in a city. no one is quite sure how chicago will pay off the pension debt. you have money right now but going forward. da
FOX Business
Dec 6, 2013 1:00pm EST
until january? people have tax issues. do you think now is good time to address the market as we're sitting on highs for the day? >> sure. anytime we get to a new high you have to be cautious and why are we here? is it based on fundamentals or is it a little frothy? i think it is based on fundamentals. cheryl: you would wait? >> i would, wouldn't necessarily, well i would actually ease in. depends on areas. i look for opportunities when stocks come down when everything else is going up. comes up on my radar why did that stock go down? what is the specific issue. that is the way which i would property it. look for more of those divergences where there are stocks maybe at the market stays where it is, what is going down. why is it going down and look there if is there good fundamental reason to do it. we have a lot of political headlines in the election year. that could cause volatility in the markets. could be fun for people. cheryl: maybe now and january time to ease into the market? ease is the word of the day. >> like a hot tub. don't go in head first. cheryl: brian, good advice.
FOX Business
Dec 6, 2013 5:00pm EST
machines is why these protests will never work. melissa: a new call to double the gas tax. finally driving less and buying hybrids. the government wants to tax us as a reward. the details on that one. finally you can drop your iphone to your heart's content because this case is nearly indestructible. check this out. our latest installment. more "money" coming up. ♪ so ally bank has a raise your rate cd that wothat's correct.a rate. cause i'm really nervous about getting trappe why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. just by talking to a helmet. it grabbed the patit's record before we even picked himp. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stopligs. my ambulance talks with smoke alarms and pilots and adiums. but, of course,
FOX Business
Dec 9, 2013 11:00pm EST
factor in the tax subsidies for individuals maki less than around $29,000 in a family of three making less than $49,000. the trouble is status only 30% qualify for subsidies and not a lot of them and this is the latest surprise in this not exactly unscripted health care law. millions of americans have already discovered that they can't keep their doctor, they can keep the hospital either. and millions more that say they can't keep their health care plan. my next guest says the problems will keep coming as mor americans want to help your website into a little bit of discovery and what they want they can have and they have to have. and it might come in the form of this and dick cheney is talking about the medical device tax. which a 2.3% surcharge on devices from the baby lay readers to pacemakers. and it could be a real killer for those who find themselves unable to pay for it mr. vice prident, it's good to have you. >> thank you for being here if you are >> there are lot of things in obamacare that i think would put the treatments at risk in the medical device task, for example, the p
FOX Business
Dec 8, 2013 6:00pm EST
argument that i got into with a congressman who wanted to double the gasoline tax? >> you account for $42 billion, can you sell out for me where that has gone? >> it accounts for the hundreds of billions that were already forking over things like this. shouldn't we apply and it is a sign that funds are tight? also, where all the funds have been going thus far. been going thus far. apparently not into this is the quicksilver cash back card from capil one. it's not the "limit the cash i earnvery month" card. it's not the "i only earn decent rewards at the gas station" card. it's the no-games, no-signing up, everyday-rewarding, kung-fu-fighting, silver-lightning-in-a-bottle, bringing-home-the-bacon cash back card. this is the quicksilver card from capital one. unlimited 1.5% cash back on eve purchase, everywhere, every single day. so ask yoursel what's in your wallet? if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is. 3 million homes. by 2030, investments in energy ef
FOX Business
Dec 4, 2013 6:00pm EST
again, throwing tax dollars is not solving it. >> thank you. gerri: unbelieveable, right, own carry mess goes on. and now more disturbing news for your healthy, fda warning some defidefibrillators made by phils medamedical system may fail. i have to tell you, i think this story is appalling, so many machines and only now federal government waking up saying we need to fix it, get out tell people that machine macs may not work. they may be -- you may be having a heart attack, it supplies to you, you are not rhesus started. where is the government been? what about something simple like this. >> you know, interestingly, fda just this year, finally passed new legislation that they will regulate deeibrillators like other medical devices, however all these bits and pieces are just now coming together, over 400,000 americans die suddenly every year, that is more than all types of cancers combined, if you have a defibrillate or deployed, 70% survive without one, less than 5%. >> how big is this problem with these machines not working? why are they? how many are there? >> this particular i di
FOX Business
Dec 6, 2013 12:00am EST
. >> he says raise taxes. >> to drive a toyota petraeus to the m -- jemmies but they have a private airplane and i wish i had a private airplane. >> many advocate to rse taxes but well-connected celebrities are quick to use your tax dodges. >>wning acres of land in new jersey but pays only $100 of state property tax because he raises honeybees' he qualifies for the honeybee subsidy. bruce springsteen owns hundreds of acres of land but pays little tax because a an organic farmer works his land his pour neighbors pay more. >> i don't get anybody trying to lower taxes but bonn jovi and springsteen publicly supporting for obama holding rallies but then cry tax cuts for their riches and they robbed of poverty programs and a social contract with america being destroyed the middle-class is harmed but then you rob those anti-poverty programs by calling yourself a former? that is the hypocrisy that is frustrating to see why i wrote the book calling of these people on their duplicity. john: one final example some of the activists are so eager to promote anti- capitalist they glamorize people
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